Bus0260:Agribusiness Management Question Paper
Bus0260:Agribusiness Management
Course:Diploma In Agriculture
Institution: Meru University Of Science And Technology question papers
Exam Year:2013
QUESTION ONE – (30 MARKS)
a. Explain the uses of the following financial statements. (10 Marks) i. Balance sheet ii. Trial balance iii. Profit and loss account iv. The ledger v. The cash book b. Explain the various types of cash books. (5 Marks) c. State the functions of the Farm Manager. (5 Marks) d. Highlight the uses of farm accounts. (5 Marks) e. A machine worth Sh650,000 with a scrap value of Sh50,000 and a working life of 5 years calculate the book values using the sum of years digit method. (5 Marks)
QUESTION TWO – 15 MARKS
Briefly discuss the following budgeting technique.
a. Break-even budget (3 Marks) b. Complete budget (3 Marks) c. Partial budget (3 Marks) d. Gross margin budget (3 Marks) e. Cash flow analysis (3 Marks)
2
QUESTION THREE – 15 MARKS
a. The following information related to Kilimo farm trial balance as at 31st December 2001. Prepare a profit and loss account. (10 Marks)
Item Dr Cr Capital 650,000 Sales 250,000 Sales returns 20,000 Purchases 120,000 Purchases returns 10,000 Debtors 22,000 Creditors 30,000 Motor car 500,000 Buildings 150,000 Land 80,000 Stock 1.1.2000 40,000 Furniture 25,000 Discount 5,000 30,000 Carriage in and outwards 2,000 Salaries 15,000 Electricity 5,000 Total 982,000 982,000
b. State the causes of dis-agreement of the trial balance. (5 Marks)
QUESTION FOUR – 15 MARKS
a. Explain the accounting cycle. (5 Marks) b. Explain the weaknesses of gross margin analysis. (10 Marks)
QUESTION FIVE – 15 MARKS
Identify and discuss the procedure of agricultural finance. (15 Marks)
More Question Papers